AGP Executive Report
Last update: 2 hours agoCross-border payments: J.P. Morgan expanded its Kinexys blockchain settlement platform to add the Australian dollar, Hong Kong dollar, yen, renminbi and Singapore dollar, giving institutional clients 8 supported currencies and 24/7 settlement to cut global banking-hour delays. AI infrastructure: Australia’s Firmus Technologies signed an eight-year Nvidia deal to build a 360MW AI data centre campus in Batam, Indonesia, targeting up to 170,000 Nvidia accelerators and forecasting $25b–$30b in committed offtake revenue over the first six years. Airport automation: Brisbane Airport trialled autonomous robot mowers across its 919-hectare airside land, aiming to cut diesel use by 60,000 litres a year and reduce vegetation-management costs by 70% while lowering herbicide and pesticide needs. Markets & inflation watch: Gold held above US$4,000 as traders weighed renewed Middle East tensions against the inflation outlook. Super & investing backdrop: A report says Australian super funds are still set for strong annual returns (up to 10%) despite ASX weakness, helped by offshore share gains. Policy changes July 1: Major household impacts are coming with tax cuts, a $1,000 instant deduction, and a 6% minimum wage rise to $26.44/hour. Air competition: Vietjet has applied to launch Australian domestic flights, challenging the long-running Qantas/Jetstar duopoly if approved. Small business tax pressure: Mortgage and finance brokers are backing the Fair Go campaign, warning proposed tax changes could hit small business owners’ retirement plans.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.